EANS-News: ANDRITZ GROUP: Results for the first quarter of 2017

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quarterly report

Graz, May 4, 2017. International technology group ANDRITZ saw solid
business development in the first quarter of 2017, with increases in
order intake, sales, earnings, and profitability.

The key financial figures developed as follows:

- Due to significant increases in the PULP & PAPER and METALS
business areas, sales rose to 1,386.2 million euros (MEUR) and were
thus 7.8% higher than the figure for the previous year's reference
period (Q1 2016: 1,285.6 MEUR).

- At 1,560.0 MEUR, order intake reached a favorable level and was
25.1% higher than the low reference figure for the previous year
(Q1 2016: 1,247.4 MEUR). All business areas - above all PULP &
PAPER and METALS - saw increases in order intake compared to the
previous year's reference period.

- The order backlog as of March 31, 2017 amounted to 6,974.2 MEUR and
has thus risen slightly compared to the end of 2016 (December 31,
2016: 6,789.2 MEUR).

- The EBITA amounted to 97.4 MEUR (+16.1% vs. Q1 2016: 83.9 MEUR) and
thus increased more than sales. This positive development is
attributable above all to the PULP & PAPER, METALS, and SEPARATION
business areas. As a result, the Group's profitability (EBITA
margin) increased to 7.0% (Q1 2016: 6.5%).

- Net income without non-controlling interests increased to 63.0 MEUR
(Q1 2016: 52.5 MEUR).

Outlook for 2017: Expectations for development of the markets served
by ANDRITZ have not changed substantially compared to estimates made
by end of 2016. While cautious investment activity is expected to
remain in the HYDRO sector, particularly in Europe, and a
continuation of the moderate market development is also anticipated
in the SEPARATION business area, a solid market environment is
expected for the PULP & PAPER business area despite somewhat weaker
project activity in South America. Unchanged satisfactory project
activity is also expected for the METALS business area. Wolfgang
Leitner, President & CEO of ANDRITZ AG: "We are very satisfied with
business development during the first quarter of 2017 and continue to
expect both sales and profitability for the full year in 2017 to at
least remain unchanged compared to 2016."

- End -

Key financial figures at a glance

Unit Q1 2017 Q1 2016 +/- 2016
Sales MEUR 1,386.2 1,285.6 +7.8% 6,039.0
HYDRO MEUR 355.9 367.9 -3.3% 1,752.4
PULP & PAPER MEUR 508.7 457.6 +11.2% 2,094.4
METALS MEUR 397.5 333.0 +19.4% 1,598.4
SEPARATION MEUR 124.1 127.1 -2.4% 593.8

Order intake MEUR 1,560.0 1,247.4 +25.1% 5,568.8
HYDRO MEUR 309.5 252.0 +22.8% 1,500.3
PULP & PAPER MEUR 653.3 545.6 +19.7% 1,919.5
METALS MEUR 442.7 299.3 +47.9% 1,551.5
SEPARATION MEUR 154.5 150.5 +2.7% 597.5

Order backlog (as
(of end of period) MEUR 6,974.2 7,147.6 -2.4% 6,789.2

EBITDA MEUR 120.7 106.7 +13.1% 542.4
EBITDA margin % 8.7 8.3 - 9.0
EBITA MEUR 97.4 83.9 +16.1% 442.1
EBITA margin % 7,0 6.5 - 7.3

Earnings Before
Interest and
Taxes (EBIT) MEUR 86.9 74.2 +17.1% 385.8

Financial result MEUR 3.4 0.7 +385.7% 12.6

Earnings Before
Taxes (EBT) MEUR 90.3 74.9 +20.6% 398.4

Net income
(without non-
controlling
interests) MEUR 63.0 52.5 +20.0% 274.6

Cash flow from
operating
activities MEUR 147.7 167.5 -11.8% 366.6

Capital
expenditure MEUR 29.0 16.5 +75.8% 119.5

Emploeyees (as of
(end of period;
without apprentices) - 25,247 24,195 +4.3% 25,162

All figures according to IFRS. Due to the utilization of automatic
calculation programs, differences can arise in the addition of
rounded totals and percentages. MEUR = million euros. EUR = euros.

Press release for download
The press release is available for download at the ANDRITZ web site:
www.andritz.com/news.

The ANDRITZ GROUP ANDRITZ is a globally leading supplier of plants,
equipment, and services for hydropower stations, the pulp and paper
industry, the metalworking and steel industries, and for solid/liquid
separation in the municipal and industrial sectors as well as for
animal feed and biomass pelleting. Other important business segments
include automation and service business. In addition, the
international Group is also active in the power generating sector
(steam boiler plants, biomass boilers, recovery boilers, and
gasification plants) and in environmental technology (flue gas
cleaning plants) and offers equipment for the production of
nonwovens, dissolving pulp, and panelboard as well as recycling
plants. The publicly listed technology Group is headquartered in
Graz, Austria, and has a staff of approximately 25,200 employees.
ANDRITZ operates more than 250 sites in over 40 countries.

Annual and financial reports Annual and Financial reports are
available for download at the ANDRITZ web site www.andritz.com, and
printed editions can be requested free of charge by e-mail to
investors@andritz.com.

Disclaimer Certain statements contained in this press release
constitute "forward-looking statements". These statements, which
contain the words "believe", "intend", "expect", and words of a
similar meaning, reflect the Executive Board's beliefs and
expectations and are subject to risks and uncertainties that may
cause actual results to differ materially. As a result, readers are
cautioned not to place undue reliance on such forward-looking
statements. The company disclaims any obligation to publicly announce
the result of any revisions to the forward-looking statements made
herein, except where it would be required to do so under applicable
law.

Further inquiry note:
Dr. Michael Buchbauer
Head of Group Finance, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com

end of announcement euro adhoc
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company: Andritz AG
Stattegger Straße 18
A-8045 Graz
phone: +43 (0)316 6902-0
FAX: +43 (0)316 6902-415
mail: welcome@andritz.com
WWW: www.andritz.com
sector: Machine Manufacturing
ISIN: AT0000730007
indexes: WBI, ATX Prime, ATX, ATX five
stockmarkets: official market: Wien
language: English

Original-Content von: Andritz AG, übermittelt durch news aktuell